Publication:
Sovereign wealth funds, productivity and people The impact of Norwegian Government Pension Fund-Global investments in the United Kingdom

Simple item page
dc.contributor.authorGoergen, Marc
dc.contributor.authorO'Sullivan, Noel
dc.contributor.authorWood, Geoffrey
dc.contributor.authorBaric, Marijana
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-03-18T16:37:08Z
dc.date.available2025-03-18T16:37:08Z
dc.date.issued2018-04-03
dc.description.abstractSovereign wealth funds have an increasing presence in the globalfinancial ecosystem, principally through their investments in equi-ties, which, in turn, may influence HRM. This study examines theinfluence of the world's largest sovereign wealth fund, the Norwe-gian Government Pension Fund‐Global (NGPF‐G), on employmentin its U.K. investee firms. We find that firms with NGPF‐G invest-ment are significantly less likely to reduce their demand for labour,more specifically in the immediate aftermath of the 2008 financialcrisis. When a drop in the demand for labour does occur, it is lessextreme when compared to similar organisations without a NGPF‐Gshareholding, and this is evident even in the case of relatively smallNGPF‐G investments. These findings are in line with the fund's objec-tive of promoting corporate sustainability and Norwegian values.We draw out the key implications of our findings for HR practice.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationGoergen, M., O'Sullivan, N., Wood, G., & Baric, M. (2018). Sovereign wealth funds, productivity and people: The impact of Norwegian Government Pension Fund‐Global investments in the United Kingdom. Human Resource Management Journal, 28(2), 288-303. https://doi.org/10.1111/1748-8583.12179.
dc.identifier.doihttps://doi.org/10.1111/1748-8583.12179
dc.identifier.issn1748-8583
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3658
dc.issue.number2
dc.journal.titleHuman Resource Management Journal
dc.language.isoen
dc.page.final376
dc.page.initial201
dc.page.total16
dc.publisherWiley
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordAlternative investors
dc.subject.keywordDownsizing
dc.subject.keywordNorway
dc.subject.keywordNorwegian Government
dc.subject.keywordPension Fund‐Global (NGPF‐G)
dc.subject.keywordSovereign wealth fund (SWF)
dc.subject.keywordSustainability
dc.titleSovereign wealth funds, productivity and people The impact of Norwegian Government Pension Fund-Global investments in the United Kingdom
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number28
dspace.entity.typePublication
relation.isAuthorOfPublication55eb0faa-13da-4a35-a432-f529b62f4d8b
relation.isAuthorOfPublication.latestForDiscovery55eb0faa-13da-4a35-a432-f529b62f4d8b
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Sovereign wealth funds, productivity and people The impact of Norwegian Government Pension Fund-Global investments in the United Kingdom.pdf
Size:
357.26 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
2.83 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Research Articles